FHA Loan after BK

[Anonymous]

Im not sure if im posting this in the right location or not but does anyone have any insight on getting a FHA after ch 7 bk? My BK was discharged 4 years ago and i have 3 collection accounts since then that are at a 0 balance that the companies refuse to pfd or goodwill. All the info ive read online states after BK you cant have ANY derogatory remarks on your credit. Anyone had any luck obtaining a FHA with derogatory after BK? any info would be appreciated. Thanks

[justrock]

I just closed on an FHA loan.  Had a Chapter 7 discharged Jan 2008.  Subsequently had two small medical collections and a crummy $59 POS collection from Verizon.  The Verizon bill was paid and I had to pay the other two off as part of my underwriting review.  I had paid them off at the same time I applied for a mortgage so no problem.  Total amout of the med collections was $375.  The Verizon collection DID prevent me from going USDA which is costing me $150 a month in PMI.

[Anonymous]

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@justrock wrote:

I just closed on an FHA loan.  Had a Chapter 7 discharged Jan 2008.  Subsequently had two small medical collections and a crummy $59 POS collection from Verizon.  The Verizon bill was paid and I had to pay the other two off as part of my underwriting review.  I had paid them off at the same time I applied for a mortgage so no problem.  Total amout of the med collections was $375.  The Verizon collection DID prevent me from going USDA which is costing me $150 a month in PMI.

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Thank you so much. That is very reassuring. All my collections are paid and they will be able to see that once I apply. I do have numerous positive trade lines as well so I was hoping that made up for it somehow